Usource LLC, a subsidiary of Unitil Corp., said yesterday thatSpecial Metals Corp., the world’s leading producer ofhigh-performance nickel-based alloys, has chosen to purchase its3.3 Bcf/year of natural gas for facilities in New Hartford andDunkirk, NY, Huntington, WV, and Burnough, KY, throughUsourceonline.com.
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CA Lawmaker Proposes Tighter Price Caps
California’s leading state legislator for energy issues and thechief architect of its 1996 electricity restructuring law last weekdeclared the state’s electricity market as “not workablycompetitive” and urged that state energy authorities re-establishprice caps at their original levels to mitigate against extremeprice spikes when the weather heats up.
Altra ‘In Talks’ to Partner With Energy Consortium
Houston-based Altra Energy Technologies, a leading independentprovider of electronic trading products for the energy industry,may soon put even more distance between itself and the rest of thepack in the frenzied race to be the best and foremost in onlineenergy trading.
Altra ‘In Talks’ to Partner with Energy Consortium
Houston-based Altra Energy Technologies, a leading independentprovider of electronic trading products for the energy industry,may soon put even more distance between itself and the rest of thepack in the frenzied race to be the foremost in online energytrading.
Industry Briefs
Allegheny Energy Solutions formed a strategic alliance withdistributed generation developer Capstone Turbine. “As the world’sleading microturbine manufacturer, Capstone enhances our range ofon-site solutions and provides us with a quality product to offerto our customers,” said David Cole, director of Allegheny EnergySolutions. “We believe there will be significant growth ofdistributed generation opportunities over the next five to 10years, and Allegheny Energy is seizing opportunities in thisgrowing market.” As part of the alliance, a Capstone MicroTurbinewas installed at the site of Allegheny Energy’s Mitchell PowerStation in New Eagle, PA. Allegheny will monitoring the technicaland economical characteristics of the device and identify newapplications. Allegheny Energy, Inc. is a diversified energycompany headquartered in Hagerstown, MD. Allegheny Power deliverselectric energy to about three million people in parts of Maryland,Ohio, Pennsylvania Virginia, and West Virginia.
GRI, IGT to Merge into One Research Group
In keeping with the consolidation of the natural gas industry,the boards of directors of GRI (formerly Gas Research Institute)and the Institute of Gas Technology (IGT), the leading energyresearch organizations, last week announced they approved inprinciple a combination of the two organizations. The boards areexpected to meet again today (April 24) to give their final stampof approval to the deal.
GRI, IGT to Combine into One Research Group
In keeping with the consolidation of the natural gas industry,the boards of directors of GRI (formerly Gas Research Institute)and the Institute of Gas Technology (IGT), the leading energyresearch organizations, said yesterday they have approved inprinciple a combination of the two organizations. The boards areexpected to meet again next Monday to give their final stamp ofapproval to the deal.
Shell Plans an Internet-Based Procurement Marketplace
Royal Dutch/Shell Group (Shell) is hoping that a new jointventure with Commerce One, a leading provider of global e-commercesolutions, will help lower its procurement costs substantially. Thetwo companies announced a memorandum of understanding to form theyet-to-be-named company yesterday. The online marketplace isplanned to go live in the second quarter of the year, with stafffrom Shell, Commerce One and new recruits.
Prices Mostly a Bit Softer in Quiet Pre-Holiday Trading
In activity that was predictably very subdued for a day leadinginto the long Christmas weekend, prices ranged from flat to down afew cents Thursday. As one source commented, “Man, I’ve seen deadmarkets before, but this one seems to be rotting in the grave.”Somewhat in keeping with that remark, a marketer said many of hertrading partners had only “skeleton crews” in the office, andvirtually nobody was still around after lunchtime.
MidAmerican Attracts Leading Investment Group Berkshire Hathaway
The purchase of the combined gas and electric utilityMidAmerican Energy by Berkshire Hathaway Inc., one of the nation’slargest and most successful investment groups led by legendaryinvestment guru Warren Buffett, could focus increased financialinterest on the industry.